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Say I have €5000,00 in my bank account, and want to buy some things, say, €2000,00 worth.
Now I can either pay direct and thereby almost half my liquidity, or I can pay in 3,- 6,- 12,- 24 month installments, pay 12% p.a and stay liquid.
Yes, I pay more in the long run, but have a bigger buffer in the meanwhile, while also buying what I want / need when I need it.
Get it?
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0 sats \ 8 replies \ @OT 19 Nov
I get it.
I wouldn't recommend it.
You do you though
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0 sats \ 6 replies \ @OT 19 Nov
If I were in Europe I'd love to be on the other side of that trade.
Pity I'm not
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Oh? Why?
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0 sats \ 4 replies \ @OT 19 Nov
To take your easy money! Lol
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But it's miiine!
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0 sats \ 2 replies \ @OT 20 Nov
It won't be for long if you keep spending like that.
Buying bitcoin is an exception of course.